Chinese cloud service provider UCloud announced today that it has landed nearly US$100 million of Series C financing led by Legend Capital with the participation of VMS Legend Investment Fund, DCM, Bertelsmann and GX Capital. This is largest capital injection in China’s IaaS (Infrastructure as a Service) sector so far. The company had previously received Series […]
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UCloud Becomes the First Chinese Cloud Service Provider to Establish Data Center in the U.S.
Chinese cloud service provider UCloud announced today that it has begun testing a new data center in Los Angeles, U.S. It’s the company’s second data center outside mainland China, with one in Hong Kong which launched in November last year. Primarily for mobile gaming, UCloud aims to provide game developers with users outside China better services with […]
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Chinese Cloud Service Provider UCloud Announces US$50M in Series B to Expand to North America
Chinese Cloud service provider UCloud announces US$50 million in Series B funding led by Bertelsmann Asia Investments and Legend Capital, joined by existing investor DCM who participated in the previous round of US$10 million together with Bertelsmann. UCloud, founded in 2012 by former Tencent execs, is specialized in game hosting and related Cloud services. This round of funding […]
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UCloud, the First Chinese Cloud Startup to Offer Game Hosting Overseas
UCloud is the first to offer game server hosting service to Chinese online/mobile games with presences outside China. The Chinese cloud startup has opened a data center in Hong Kong, for games with users in East & Southeast Asia, in late 2013 and is considering building another one in the U.S. As a flock of Chinese mobile […]
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IaaS Startup Ucloud Secured $10 Million Series A Financing from DCM and Bertelsman
IaaS startup Ucloud announced $10 million of Series A financing led by DCM and Bertelsmann, the largest capital injection in this sector so far. The fund is now in place. The investment will be poured in R&D, marketing and procurement of hardware, such as servers, according to Ji Xinhua, CEO of the company (report in […]
Posted inWith Chinese Characteristics
Shenzhen looks to draw tech firms with new dual-class share rule
Technology companies tend to list with a dual-class share structure, with founders and management granted greater voting rights.
Posted inOn the Cusp
Yidu Cloud is making sense of the medical records of 1.3 billion people
While countries such as the US have just a handful of software suppliers for handling medical data, Chinese hospitals are running the software from around 4,000 different companies. Even within a hospital, there is no consistency and a patient can have up to 40 different ID numbers from various departments. The government is hoping to […]
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Is China ready for the 4th Industrial Revolution?
China is on its way to turn itself from the “Factory of the World” to the “Smart Factory of the World.” The goal of the upgrade is to replace low-skilled labor with high-tech machines and solutions. The Chinese government aims to automate its manufacturing with nation-wide initiatives such as “Made in China 2025” and to […]
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Live from TechCrunch – Highlights from the first TechCrunch Shenzhen
Organized by TechNode and TechCrunch, TechCrunch Shenzhen marks TechCrunch’s 7th session in China. After six fantastic tech gatherings in Shanghai and Beijing, this is the first time for TechCunch Summit to make its debut in Shenzhen. Entering a brand new city is a risky step for TechNode and TechCrunch, TechNode founder Dr. Gang Lu acknowledged in […]
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China’s cloud industry moving to new era with emergence of unicorns
Just a few years ago, billion-level funding would be beyond the imagination of Chinese cloud computing companies. But now it is becoming more and more tangible as the market matures. QingCloud, a leading player in the field, is announcing the largest ever funding in the industry so far. The cloud computing platform made it public […]